On January $1,2020,$ Miller Corporation leased a machine to Otterbein Corporation for a five$-$ year term at an annual rental of $$50,000.$ On this date, Miller Corporation incurred legal fees of $$1,000$ related to the execution of the lease. The lease is appropriately classified as an operating lease by Miller Corporation. At the inception of the lease, Miller received $$100,000,$ covering the first year's rent of $$50,000$ and a security deposit of $$50,000.$ This deposit will not be returned to Otterbein upon expiration of the lease but will instead be applied to the payment of rent for the last year of the lease. Miller Corporation calculated annual depreciation expense on the machine of $$30,000,$ using the straight$-$line method. What is the net profit $($ignoring taxes$)$ that Miller Corporation recognized on its $2020$ income statement?